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COPENHAGEN - Ringkjøbing Landbobank has announced ongoing transactions as part of its share buyback program, which commenced on January 28, 2025, and is set to run until May 28, 2025. The Danish bank has been actively purchasing its own shares, with the intention to buy back shares worth up to DKK 500 million, but not exceeding 800,000 shares in total.
The buyback program is being conducted in accordance with the EU Commission Regulation No. 596/2014 and EU Commission Delegated Regulation No. 2016/1052, also known as the "Safe Harbour" regulations.
During the most recent week of the program, the following transactions have been reported:
- On Wednesday, the bank acquired 5,000 shares at an average price of DKK 1,144.11, totaling DKK 5,720,550.
- On Thursday, 4,500 shares were bought at an average price of DKK 1,174.42, amounting to DKK 5,284,890.
- On Friday, the bank purchased another 4,500 shares for an average price of DKK 1,171.68, resulting in a total of DKK 5,272,560.
As of the latest update, Ringkjøbing Landbobank holds 1,627,142 shares under the current and completed buyback programs, corresponding to 6.09% of the company’s share capital.
The bank has been transparent about the transactions, providing a detailed summary of each trade, including volumes, prices, and the trading venue, as per regulatory requirements.
The share buyback program is part of the bank’s capital distribution strategy and reflects its commitment to delivering value to its shareholders. It is based on a press release statement issued by Ringkjøbing Landbobank.
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